http://www.ibtimes.com Latest News en http://www.ibtimes.com/volkswagen-emissions-scandal-owners-address-staff-first-time-trouble-mounts-300k-cars-2207464?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen’s billionaire owners are set to address their staff Wednesday -- the first time since a massive emissions scandal came to light in September. The meeting comes as the company’s troubles mount further, with over 300,000 diesel cars in India being affected by the emissions-cheating software. http://www.ibtimes.com/volkswagen-emissions-scandal-owners-address-staff-first-time-trouble-mounts-300k-cars-2207464 Wed, 02 Dec 2015 04:40:51 -0500 http://www.ibtimes.com/new-car-sales-november-2015-hyundai-kia-report-strongest-sales-growth-while-ford-f-2206607?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Americans flocked to buy crossovers and SUVs in unprecedented numbers last month, helping to push annualized car sales above 18 million for the third consecutive month this year. U.S. vehicle sales are on track for their highest November volume since 2001. http://www.ibtimes.com/new-car-sales-november-2015-hyundai-kia-report-strongest-sales-growth-while-ford-f-2206607 Tue, 01 Dec 2015 19:30:55 -0500 http://www.ibtimes.com/c02-cheating-has-hit-volkwagens-new-car-orders-labor-representative-says-2202406?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution WOLFSBURG, Germany (Reuters) — Volkswagen AG is facing slowing orders for new cars, with consumers shunning purchases after the automaker admitted it understated fuel usage and carbon dioxide (CO2) emissions, VW's top labor representative said Friday. "There is caution in buying," the German company's works council chief Bernd Osterloh told reporters. "The CO2 issue has triggered a greater crisis of confidence [in VW products] than the nitrogen [emissions] issue." http://www.ibtimes.com/c02-cheating-has-hit-volkwagens-new-car-orders-labor-representative-says-2202406 Fri, 27 Nov 2015 10:38:48 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-south-korea-fines-vw-12m-orders-recall-125k-diesel-2201176?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution South Korea has fined Volkswagen $12.3 million and ordered a recall of thousands of its diesel vehicles after finding they were rigged with cheating software. The news comes a day after California widened its probe and asked the German automaker to submit a recall plan in 45 days. http://www.ibtimes.com/volkswagen-emissions-scandal-south-korea-fines-vw-12m-orders-recall-125k-diesel-2201176 Thu, 26 Nov 2015 04:20:27 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-diesel-engine-fixes-manageable-inquiry-may-take-months-2197570?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen CEO Matthias Müller said Monday that the steps required to fix millions of its vehicles in Europe that are equipped with software to cheat on emissions tests are “manageable.” Müller reportedly said that Germany's Federal Motor Transport Authority has signed off on a software update to fix vehicles carrying the affected 2-liter diesel motors. Of the over 11 million VW vehicles programmed to cheat on emissions tests, the majority are in Europe, while about 500,000 are in the United States. http://www.ibtimes.com/volkswagen-emissions-scandal-diesel-engine-fixes-manageable-inquiry-may-take-months-2197570 Tue, 24 Nov 2015 03:37:35 -0500 http://www.ibtimes.com/tesla-motors-incs-model-s-seatbelt-recall-far-its-biggest-problem-2196937?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Although a sweeping Tesla Model S recall temporarily knocked nearly 4 percent off the company’s stock price on Friday afternoon, investors collectively shrugged off the news by the day's end. The recall is both voluntary and minor. It comes after the discovery of an improperly anchored front seat belt in one Model S in Europe, which led Tesla to inform all car owners to have their seats checked free of charge. http://www.ibtimes.com/tesla-motors-incs-model-s-seatbelt-recall-far-its-biggest-problem-2196937 Mon, 23 Nov 2015 16:24:27 -0500 http://www.ibtimes.com/tesla-motors-inc-tsla-stock-slips-slightly-after-recall-2194827?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Shares of Tesla Motors Inc. slipped Friday after the company announced it was conducting its largest-ever recall. It said all 90,000 of its Model S cars would be recalled, prompted by the receipt of a single report of a front seat belt being improperly connected, Bloomberg reported. The stock plunged 3.7 percent to $213.58 Friday, but recovered to close down a slight 0.81 percent to $220.01. http://www.ibtimes.com/tesla-motors-inc-tsla-stock-slips-slightly-after-recall-2194827 Fri, 20 Nov 2015 22:06:12 -0500 http://www.ibtimes.com/volkswagen-scandal-update-false-emissions-data-used-2009-2016-3-liter-diesel-cars-2194214?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution The U.S. Environmental Protection Agency on Friday charged Volkswagen used software that reported false emissions data in all vehicles with 3-liter diesel engines from 2009 to 2016, USA Today reported. http://www.ibtimes.com/volkswagen-scandal-update-false-emissions-data-used-2009-2016-3-liter-diesel-cars-2194214 Fri, 20 Nov 2015 14:15:38 -0500 http://www.ibtimes.com/castrols-nexcel-oil-system-lets-you-change-your-cars-engine-oil-just-90-seconds-video-2192655?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Changing a car’s oil has long been a messy affair, including a chunk of time spent just waiting for the fluid to drain from the pan. But what if you could change your oil with the same ease as you change a pair of pants? Castrol seems to have a solution. http://www.ibtimes.com/castrols-nexcel-oil-system-lets-you-change-your-cars-engine-oil-just-90-seconds-video-2192655 Fri, 20 Nov 2015 11:35:31 -0500 http://www.ibtimes.com/tesla-motors-autopilot-update-company-ceo-ramping-division-needs-engineers-2193151?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Shortly after Hong Kong’s Transportation Department demanded that Tesla Motors Inc. remove "Autopilot" features that let the car steer and change lanes without driver intervention, Tesla CEO Elon Musk posted a flurry tweets Thursday night, announcing the company is ramping up its autonomous vehicle division, TechCrunch reported. In the tweets, Musk made it clear the California company is searching for some fresh talent. http://www.ibtimes.com/tesla-motors-autopilot-update-company-ceo-ramping-division-needs-engineers-2193151 Thu, 19 Nov 2015 23:06:39 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-australian-firm-files-72m-lawsuit-audi-says-us-sales-2191176?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution An Australian law firm will launch a $72 million class action lawsuit Thursday on behalf of Volkswagen vehicle owners affected by the massive emissions scandal, according to media reports. The news comes as the German automaker continues with its new sales initiatives to rebuild trust in the United States. http://www.ibtimes.com/volkswagen-emissions-scandal-australian-firm-files-72m-lawsuit-audi-says-us-sales-2191176 Thu, 19 Nov 2015 00:56:17 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-vw-audi-executives-meet-us-regulators-ahead-deadline-2187446?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen and Audi executives are expected to meet U.S. environmental regulators this week ahead of a deadline to submit a plan to fix nearly 500,000 diesel cars that are equipped with the rigged emissions software, sources told Reuters Monday. The news comes as reports surfaced that the German automaker manipulated the carbon dioxide emission levels of more petrol-powered vehicles than previously disclosed. http://www.ibtimes.com/volkswagen-emissions-scandal-vw-audi-executives-meet-us-regulators-ahead-deadline-2187446 Tue, 17 Nov 2015 01:01:29 -0500 http://www.ibtimes.com/automakers-steer-toward-high-tech-dominance-road-self-driving-cars-2185377?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution TOKYO/FRANKFURT, Germany (Reuters) -- At the recent Frankfurt Auto Show, Ford Motor Co. unveiled a new feature that lets drivers preset their car to go at or just above the speed limit. In-car cameras and software read and react to road signs, speeding the car up or slowing it down. Active Speed Limiter is available on select models in Europe, but not, ironically, in the U.S., Ford's home country, where road signs come in different shapes and sizes, and are often obscured by shrubbery. http://www.ibtimes.com/automakers-steer-toward-high-tech-dominance-road-self-driving-cars-2185377 Sun, 15 Nov 2015 16:56:42 -0500 http://www.ibtimes.com/google-self-driving-car-pulled-over-police-driving-too-slowly-2182850?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Google's self-driving car project has raised a lot of questions around safety and its ability to avoid accidents and hitting pedestrians, but now one police officer in California has pulled over one of the autonomous vehicles for driving too slowly. http://www.ibtimes.com/google-self-driving-car-pulled-over-police-driving-too-slowly-2182850 Fri, 13 Nov 2015 04:09:01 -0500 http://www.ibtimes.com/general-motors-plans-sell-chinese-made-buick-suvs-us-early-next-year-report-2182804?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution General Motors Company plans to import Chinese-made cars to the United States beginning early next year, the Wall Street Journal reported Thursday. The Detroit-based company will reportedly start selling the Buick Envision, a midsize sport-utility vehicle made in eastern China's Shandong province. http://www.ibtimes.com/general-motors-plans-sell-chinese-made-buick-suvs-us-early-next-year-report-2182804 Fri, 13 Nov 2015 02:28:14 -0500 http://www.ibtimes.com/volkswagen-scandal-german-regulator-widens-probe-23-brands-over-suspicion-emissions-2180910?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Germany’s motor vehicle regulator on Wednesday widened its emissions probe to 23 local and foreign brands in the wake of Volkswagen’s emissions scandal. The move came after it found signs of elevated pollutants in diesel cars in the initial results following tests.  http://www.ibtimes.com/volkswagen-scandal-german-regulator-widens-probe-23-brands-over-suspicion-emissions-2180910 Thu, 12 Nov 2015 03:02:49 -0500 http://www.ibtimes.com/2017-cadillac-xt5-unveiled-dubai-part-gms-effort-buck-american-tier-2-luxury-car-2177984?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Cadillacs have long held their place among the most popular U.S. luxury car brands, which isn’t saying much in a pickup-driving country whose preferences in luxury vehicles lean toward the Japanese or the Germans. Indeed, among the top 20 high-end sedans and SUVs sold in the U.S., only three are American -- two Cadillacs and a Lincoln – while the rest of the list is littered with Lexuses, Acuras, Mercedes-Benzes and BMWs. http://www.ibtimes.com/2017-cadillac-xt5-unveiled-dubai-part-gms-effort-buck-american-tier-2-luxury-car-2177984 Tue, 10 Nov 2015 14:39:22 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-diesel-car-owners-get-1k-gift-cards-goodwill-gesture-2176914?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen AG has offered $1,000 in gift cards and vouchers to its diesel owners in the U.S. affected by the company’s emissions scandal. The offer, announced Monday, comes the same day that the European Union asked the German automaker to give within 10 days details on the recently revealed “irregularities” linked to the cheating software. http://www.ibtimes.com/volkswagen-emissions-scandal-diesel-car-owners-get-1k-gift-cards-goodwill-gesture-2176914 Tue, 10 Nov 2015 02:08:09 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-german-automaker-plans-new-sales-initiative-rebuild-2174860?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen AG plans to announce a new sales initiative in the United States this week to rebuild customer trust amid its emissions scandal. The news comes on the same day that the German automaker’s engineers admitted they helped fabricate carbon-dioxide emissions data in the company's vehicles. http://www.ibtimes.com/volkswagen-emissions-scandal-german-automaker-plans-new-sales-initiative-rebuild-2174860 Mon, 09 Nov 2015 00:47:48 -0500 http://www.ibtimes.com/nissan-toyota-join-honda-dropping-takata-airbag-inflators-other-japanese-automakers-2174212?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution After Honda announced Tuesday that it will stop using Takata airbag inflators in its cars, Nissan and Toyota followed suit and announced that they, too, will not use the Tokyo-based company as their airbag supplier. Automakers are rethinking their relationship with Takata following a faulty airbags scandal, which is now being investigated by U.S. authorities. http://www.ibtimes.com/nissan-toyota-join-honda-dropping-takata-airbag-inflators-other-japanese-automakers-2174212 Sat, 07 Nov 2015 05:22:18 -0500 http://www.ibtimes.com/toyotas-1b-investment-artificial-intelligence-robotics-puts-it-forefront-autonomous-2172600?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Japanese car giant Toyota will make a huge, $1 billion investment into artificial intelligence and robotics with the establishment of two centers of excellence in the U.S. http://www.ibtimes.com/toyotas-1b-investment-artificial-intelligence-robotics-puts-it-forefront-autonomous-2172600 Fri, 06 Nov 2015 03:48:36 -0500 http://www.ibtimes.com/steve-jobs-put-apple-car-backburner-2008-focus-iphone-report-2169133?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Even Steve Jobs had thoughts on what an Apple-built electric vehicle would look like. During an interview with Bloomberg published Wednesday, Nest CEO Tony Fadell revealed that the Apple co-founder had considered how the company could build its own Apple Car. http://www.ibtimes.com/steve-jobs-put-apple-car-backburner-2008-focus-iphone-report-2169133 Wed, 04 Nov 2015 11:37:08 -0500 http://www.ibtimes.com/takata-airbag-update-honda-stop-using-takata-inflators-newer-models-after-us-fine-2168429?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Japanese automaker Honda Motor Co Ltd. said it will stop using airbag inflators made by Takata Corp. for its newer cars, claiming that the company “manipulated and misrepresented test data for certain airbag inflators.” The announcement followed Tuesday’s $70 million fine against Tokyo-based Takata for lapses in its airbags and an order to stop using a potentially dangerous chemical, cited as a factor in the deadly airbag ruptures. http://www.ibtimes.com/takata-airbag-update-honda-stop-using-takata-inflators-newer-models-after-us-fine-2168429 Wed, 04 Nov 2015 02:11:53 -0500 http://www.ibtimes.com/hyundai-motor-launches-genesis-luxury-brand-tackle-earnings-slide-2168335?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution South Korean carmaker Hyundai Motor Co confirmed Wednesday it has launched a new global luxury car brand called Genesis to boost earnings and gain more success in the fast-growing global market for luxury cars. Hyundai was reportedly the only major automaker without a separate luxury brand. http://www.ibtimes.com/hyundai-motor-launches-genesis-luxury-brand-tackle-earnings-slide-2168335 Wed, 04 Nov 2015 01:05:43 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-new-co2-irregularities-discovery-could-cost-22b-2168268?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen AG found "irregularities" in the stated carbon dioxide emissions and fuel consumption data of up to 800,000 Volkswagen, Audi, Skoda and Seat vehicles -- the latest issue in a now month-long emissions controversy that's hurt earnings and the stock price. The German carmaker said this one could cost 2 billion euros ($2.2 billion). http://www.ibtimes.com/volkswagen-emissions-scandal-new-co2-irregularities-discovery-could-cost-22b-2168268 Wed, 04 Nov 2015 00:32:44 -0500 http://www.ibtimes.com/tesla-motors-inc-names-former-google-exec-jason-wheeler-new-cfo-2167922?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Tesla Motors Inc. has named former Google executive Jason Wheeler as its chief financial officer, replacing Deepak Ahuja, who announced in June that he planned to retire this year, CNBC reported. Wheeler is currently Google's vice president of finance. Ahuja has been at the company since 2008, seeing the company through its initial public offering, the Wall Street Journal reported.   http://www.ibtimes.com/tesla-motors-inc-names-former-google-exec-jason-wheeler-new-cfo-2167922 Tue, 03 Nov 2015 18:06:20 -0500 http://www.ibtimes.com/tesla-motors-inc-tsla-3q-2015-earnings-tesla-shares-spiked-after-model-x-maker-2167602?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Tesla Motors put out in its latest quarterly report Tuesday a more conservative estimate for its annual sales target, lowering its goal for the year by about 3,000 vehicles. But the Silicon Valley maker of electric cars also reported a record quarter for production, which led market watchers to suspect the company reeled back investor expectations to beat its own forecast in the last three months of the year http://www.ibtimes.com/tesla-motors-inc-tsla-3q-2015-earnings-tesla-shares-spiked-after-model-x-maker-2167602 Tue, 03 Nov 2015 17:44:30 -0500 http://www.ibtimes.com/tesla-expected-widen-loss-investors-focused-unit-sales-2166267?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Analysts expect Tesla Motors Inc to report a bigger loss compared to last year when it releases third-quarter earnings later Tuesday. But many analysts say what's important is how many more cars it is selling, because that's what it needs to get to profitability. http://www.ibtimes.com/tesla-expected-widen-loss-investors-focused-unit-sales-2166267 Tue, 03 Nov 2015 02:08:46 -0500 http://www.ibtimes.com/volkswagen-emissions-scandal-company-denies-more-vehicles-including-porsche-have-2166224?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Volkswagen AG denied claims made by the U.S. Environmental Protection Agency (EPA) Monday that the German automaker installed software designed to defeat emissions tests on 2014 to 2016 vehicles with 3.0-liter, six-cylinder diesel engines. The notice issued Monday applies to roughly 10,000 diesel passenger cars sold in the U.S., including a Porsche model. http://www.ibtimes.com/volkswagen-emissions-scandal-company-denies-more-vehicles-including-porsche-have-2166224 Tue, 03 Nov 2015 00:31:47 -0500 http://www.ibtimes.com/takata-airbag-recall-update-japan-nissan-check-defects-again-after-passenger-injured-2165173?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Nissan Motor Co. will be rechecking its vehicles in Japan for defects in airbags, after a woman was injured by one of the safety mechanisms during a collision in the Asian country last week, Reuters reported Monday. It is the latest development in the ongoing saga of Takata Corp. airbags, which have caused the largest product recall in U.S. history due to a tendency to spray shrapnel when they erupt with too much force. http://www.ibtimes.com/takata-airbag-recall-update-japan-nissan-check-defects-again-after-passenger-injured-2165173 Mon, 02 Nov 2015 11:34:24 -0500